PERBANDINGAN KINERJA PERUSAHAAN YANG DIUKUR DENGAN METODE EVA PADA PERUSAHAAN ROKOK YANG TERCATAT DI BEJ

ERLINA, ERLINA (2007) PERBANDINGAN KINERJA PERUSAHAAN YANG DIUKUR DENGAN METODE EVA PADA PERUSAHAAN ROKOK YANG TERCATAT DI BEJ. Other thesis, University of Muhammadiyah Malang.

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Abstract

This research is an empirical study with the title: "Comparison of Measured Performance of Companies with EVA Method In The Cigarette Companies listed on JSE". The purpose of this study is to investigate the performance of the cigarette companies listed on the JSE, as measured by EVA methods and to find out which company has the best performance to invest in the company. The analytical tool used to assess financial performance in the four tobacco companies is a method of Economic Value Added (EVA), EVA is an assessment tool that takes into account the company's financial performance expectations of the funders (creditors and shareholders). While the steps in analyzing the data include: (1) the calculation of the cost of debt capital, (2) calculation of the cost of capital stock, (3) calculation of capital cost weighted average, (4) calculation of EVA. Benchmarks used to assess the financial performance of the EVA method is: if the EVA is positive, then there has been economic added value for the company and meet the expectations of funders. Meanwhile, if EVA is negative, then there is no economic value-added for the company and can not meet the expectations of funders. From the analysis shows that the calculation of EVA at. H.M. Sampoerna during the period 2002-2004, the company's healthy financial performance and provide value-added economy. While in PT. Gudang Garam in 2003 and 2004, PT. BAT in 2004 and PT. Bentoel in 2002-2004, the company's financial performance is not healthy and has made no economic added value, when measured by the method of EVA. Of the four tobacco companies that provide economic value-added is best to PT. H.M. Sampoerna. Based on the conclusion if the writer can implicate the company's financial performance is not healthy if they are judged by EVA, the company should consider both its financial performance by taking into account the cost of capital.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Zainul Afandi
Date Deposited: 25 May 2012 08:26
Last Modified: 25 May 2012 08:26
URI: http://eprints.umm.ac.id/id/eprint/5922

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